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Not really... you can use mixers to obfuscate non-anonymous coins and there are privacy specific coins which allow for anonymous transactions
by exdsq 6y ago
Not really... you can use mixers to obfuscate non-anonymous coins and there are privacy specific coins which allow for anonymous transactions
- emptysongglass 6y agoPeople: commenter is correct. It's absurdly easy to anonymize txns on a blockchain, especially if you leverage cross-chains like Incognito.
- Robotbeat 6y agoI mean, if you’re willing to risk big fines for money laundering... https://cointelegraph.com/news/us-financial-watchdog-fines-early-bitcoin-mixer-60m-for-money-laundering/amp https://cointelegraph.com/news/us-financial-watchdog-fines-e...
- vmchale 6y agoThat's the person running the tumbler, no? I think there were criminal charges too.
- SilasX 6y agoFrom an informed comment on the recent discussion of that, the fine was from doing that while being a money transmitter i.e. also dealing in fiat currencies, not for the crypo mixer per se. https://news.ycombinator.com/item?id=24829562 https://news.ycombinator.com/item?id=24829562
- andreareina 6y agoI read that comment as saying it doesn't require touching fiat. Bitcoin is a currency, so doing any sort of store-and-forward of it makes you a money transmitter. > For traditional Bitcoin mixers as in this case, someone receives money from users and then transmits money to many users. This is money transmission and requires registration with FinCEN and sometimes requires registration with states (though some states have exemptions for completely crypto to crypto transmission that doesn't touch USD or other fiat). Some states having exceptions for pure crypto transmission implies that most states don't.
- vmchale 6y agoMonero is very cool.